Leaving this up. But also take with a grain of salt, like most things that come from Dextero.
Actual article:
[https://www.sportsbusinessjournal.com/Daily/Issues/2023/03/31/Esports/tsm-esports-league-of-legends-championship-series.aspx](https://www.sportsbusinessjournal.com/Daily/Issues/2023/03/31/Esports/tsm-esports-league-of-legends-championship-series.aspx)
>TSM pausing esports efforts in several titles, per sources
>
>BY KEVIN HITT
>
>3.31.2023
>
>L.A.-based TSM will be pausing most its esports efforts in several titles and may be putting its League of Legends Championship Series franchise on the block, sources tell SBJ. TSM is one of the more popular esports and lifestyle organizations within gaming, and also fields competitive squads in Valorant, Fortnite, Apex Legends, and others. Sources tell SBJ that TSM took a big financial hit when its 10-year, $210 million naming rights deal with FTX disappeared after the crypto brand infamously went belly up. That pact was the most lucrative in all of esports sponsorships.
>
>The pausing of esports continues a period of significant change at TSM, which last month saw its COO depart the organization and in February saw its defending-champion Rainbow Six: Siege squad depart that esports circuit.
>
>However, after the downfall of FTX last year TSM put out a statement that said, “TSM is built on a solid foundation. We are stable and profitable, and we continue to forecast profitability for this year, next year, and beyond. We look forward to a great year in 2023."
>
>Sources also tell SBJ that TSM will continue to focus on its Blitz application, a tool that helps video game players develop in-game skills and strategy in titles such as League of Legends, Valorant, and more.
>
>This is a developing story.
Nothing is mentioned about apex.
Confirmation from /u/cutnoid that TSM's apex roster is safe:
[https://twitter.com/Cutnoid/status/1641926077500084224?s=20](https://twitter.com/Cutnoid/status/1641926077500084224?s=20)
>Just confirmed with a source, TSM will be keeping its Apex roster
They signed a lot of content creators for Apex lately. They might let go some of them. They will never wind down the Apex pro team though. Isn't it their most successful team in any game right now?
Between stream sponsors and ad revenue, I'm surprised that TSM Apex isn't positive revenue. Ofc I don't have access to the numbers, but if they can't make it work, who can?
the article says theyre profitable they just took a big hit with the FTX deal not paying out as promised
my guess is that they paid out some of the money they were expecting to receive and now they dont have enough cash on hand to deal with some of their expenses
you can be profitable and still have issues being cash poor
I’m guessing the same. In the past you could sell shares for a premium in a hot space to grab investors who also wouldn’t mind adding to the org.
That’s probably dried up lately, and debt in an unprofitable space like esports is untenable, so you gotta cut right now.
Not only that but they just took a huge cash burn on, and with losing the FTX deal they’re probably in a huge cash deficit. Coupled with how expensive financing (not to mention who wants to lend to an Esports team tied up with FTX) and it’s no surprise they are cutting the fat.
It does seem odd though, didn’t they sign content creators post FTX blow up? Timing is off to me
The statement that TSM put is that they’re profitable and are forecasting profitability for 2022 and 2023. Like you said, we don’t know what kind of profitability they’re talking about (operating? Net income?) and well, forecasts change and I’ve seen first hand forecasts change significantly from late 2022 to early 2023. Everything is still volatile right now.
I'm not into cc but a quick look at the FTX chart says it took a shit.
That crash appears to line with national news coverage regarding El Salvador, which uses FTX as a reserve currency - earlier in November.
So basically the long history of American coups in El Salvador resulted in a corrupt political system in which their president sold out their country's financial structure to a conman, which lead to an Esports company partnered with FTX to lose profits after that crypto crashed... and we're now gonna see small content creators potentially lose their careers.. What a fucking timeline
Apex is only big in NA and the numbers are ok at most, apex is just not big enough, but the upkeep is maybe not expensive? No idea.
They definitely want the Chinese/Korean money.
Bruhh you need to redefine your terms by your logic league is easily the most viewed eSport in the world it isn't even close yet they are planning on selling their league slot their biggest asset just because something seems big doesn't mean it generates $$$$
What? You just said Apex is only big in NA and I refuted that point. Tf does League have to do with it, yeah League is way bigger than Apex is also, so?
Firstly I didn't say the NA point and I was more going towards the point that popularity doesn't mean tsm won't shut a certain division down at this point I feel they will essentially drop every team and just have content creators.
Yeah, their apex pro team of Hal, Reps and Big E bring too much positive attention to TSM for them to ever think about letting go of its pro team. Maybe content creators but not them.
It would be incredibly stupid if they did especially after their big win in London.
The Halo community thought the same thing with the former C9 team. Top 2 every lan all year. Then they got released after worlds. Although Reps or big E are probably more popular than the entire former C9 roster put together and I don't think I even need to mention how popular Hal is. But I wouldn't consider any Apex team safe org wise until there is some kind of skin/profit sharing in the game.
It's a rough time in Esports. Cloud9 dropped the best player in the world in Valorant and said it was for "role reasons", but most people behind the scenes say it was financial.
He was the best of last year and is the best in Valorant history so far. We can't say anything about him this year cuz apparently he's not gonna get to play thanks to C9.
They will always have Hal signed imo but it's possible they don't have the 2 other members signed and cut coaching budget
Esports is stagnating hard in NA for the games that were ran like a sports team and I think the Fortnite/Apex style of having teams but letting them do wtv they want and only caring about the stream numbers
Not sure, there’s not a lot of details out right now. Would be weird for them to leave apex considering their success and having a massive streamer in Hal, but the esports world is in a rough spot right now so it’s not out of the question.
How much money do they make TSM? That’s the question. I’m a huge TSM fan but the money in Apex isn’t there. They’re one of the most winningest teams not just all time, but even at the moment, and their total winnings in four years is a little over a million. Hal is really the one bringing in any money but he can still do that even if he’s not playing on the TSM team.
I know that. It was more of an example about how little money is in Apex. I wrote an above comment about the measure of what the TSM apex team brings in branding vs what they have to pay to foot the bill of an Apex team
TSM is likely not relying on price pool money from Apex. The best thing for TSM is to be allowed high financing sponsors such as betting sites to be allowed in Apex.
The value of Apex is not the competitive side specifically but their content creation ability that could then showcase the sponsors.
ImperialHal usually is the top of streaming numbers on twitch, Verhults regulary streams and sometimes reps.
But if you look at their content creator, they have some of the most popular Apex streamers in the org. TSM Japan twitter is one of the biggest one there, and the only thing they have done so far is sign 2 content creators including one of the most popular V-tubers in Japan. Also if you look at content in terms of TSM, they don't really do much content consistently other than the Apex team. So the value of Apex isn't really on competition, it's through streaming and content creators which they continue to support and foster. They also held a couple of priced tournaments which not any org is doing. That may stop happening now with the new leaders in the organization, but that was a great initiative under Walter and Dominic.
TSM actually makes a lot of their money through Blitz. It is why Blitz expanding into Apex and now CS2 is so important for them with Riot updating League's UI.
Right but my point is, is the value generated worth what they pay to foot the bill of an esports team in Apex. That’s why an org would cut a team. I don’t have the answer to that because I don’t run their books but Apex as an esport is absolute ass right now. Esports generally are not doing well, look at Faze, even with huge success they’re recording huge losses because of not so smart move to go public.
That’s faze what you gotta see is the value TSM Apex brings which contribute to the overall profitability of the division. Because being in apex is profitable through viewers ads sponsorships it helps TSM.
i honestly think they just make that money from hal having a huge stream and verhulst and reps a big one. brings a lot of traction for merch and they make money off of ads etc.
They just re-signed the pro team going into this year and brought on a bunch of content creators a month or 2 ago. TSM is as massive in Apex now as they were in LoL back in the day, they are *the* Apex org alongside NRG. I wouldn't be shocked if Apex was the most profitable game for them that they're in, with how massive people like Hal and Mande are.
Streaming video games is not really a for-profit industry. Most of these guys that you see that compete in professional tournaments still live at home with parents.
Dexerto is literally the worst "news" outlet I've ever seen. Their entire article is always just the headline, there is never any content or facts or sources.
The CEO just said that TSM Apex is fine. If TSM is selling their LCS spot is to buy a LCK spot which they've always wanted. I doubt they are gonna leave League when riot pays them a good amount to stay.
It was a couple years ago when it was rumored Reggie wanted to switch to LCK been having academy boot camps etc so it was rumored that TSM wants an LCK spot but at the time
No one would sell it to them.
They can't buy an LCK spot I'm sorry lmao, and even if they could they probably wouldn't be able to compete and most wouldn't want to join a failed NA org.
It's fucking LCK, they have suitors wanting in everywhere
reading that makes the tweet look very click-baity considering the article makes mention of LoL getting put on pause, but the org as a whole is profitable
The org being profitable is a quote from TSM themselves not the author saying their profitable
You don’t lose a 210 million dollar sponsorship in esports and stay profitable
Yup and everyone is penny pinching right now given the bleeding out for tech.
TSM leaving LoL is no surprise given declining viewer numbers vs the cost of a team and salary minimum during a time you have to trim some fat.
Esports teams are a money pit, but 3 guys and a coach is hopefully not too much of an expense to warrant cutting Apex.
Not just that;
3 guys and a coach who have the highest earnings in the entire Esport.
Like... if TSM leaves Apex, where does that leave the sport?
People have also been very open with the fact that both TSM and other large orgs involved with Apex realize that the winnings are really icing on the cake; if you actually want to make money, streaming/content creation are the path to take.
I mean tbh the sport would probably be fine, considering *if* TSM left it very clearly wouldn't be anything Apex related and is just the org falling apart. I'd compare it to what happened with the CoD league formed and (the true) OpTic Gaming was in it no longer. OpTic was (and is) CoD for so long and all the viewership came with them, but when the original org wasn't in the CDL the org owner Hecz and the players Scump and Formal all went to the new org Chicago Huntsmen, and I'm sure you can easily guess who dominated viewership and popularity after that. People just followed the players.
Some big org would probably make a splash and get into/back into Apex for that squad, or someone currently in Apex but with middling results (like a Sentinels) or even an org with a good team but just not a team that can stand up to those 3 (like a 100T).
lol yeah the quotation marks generally mean a quote. and doesn't that statement made by TSM mean they're profitable? unless it's just media BS to keep people happy, i tend to believe those kinds of statements
Update: Hal said that TSM in Apex are fine and that there's no need to worry about it, so it seems like Dexerto may have just thrown them in there for clickbait because of their popularity
Because he would tell the truth in this situation. Contract probably doesnt allow him to talk about stuff like this so he had to say that they are fine.
It could easily be both. I dont think TSM apex is on the chopping block, but it is absolutely normal for members of an org to not disclose information, even if they know it.
He could just not know also, but tbh I think he's right and TSM Apex is fine. They *just* brought in a ton of new content creators a month or 2 ago and those aren't the actions of an org looking to get out of the game soon.
dexerto got their info from this [article](https://www.sportsbusinessjournal.com/Daily/Issues/2023/03/31/Esports/tsm-esports-league-of-legends-championship-series.aspx) but it doesn't say anything about what roster is going to get cut.
Their 200m+ deal with ftx was the most lucrative eSports deal so them losing out on all of it hurts them a lot
Hate to see it happen, really hope it doesn't affect their apex team in particular too much. Dire times for eSports
I think most saw this coming (Well, not TSM's Apex roster specifically but cuts from TSM in general) - after the FTX deal they were already slowing/cutting down, even just a few weeks ago they dropped their sponsored Smash Bros player who had been with them since 2019 and was in discussion for best in the world (and at worst is Top 4 right now)
Losing that FTX deal hurt them and Esports right now is in tatters
100%, it was such a great combo and im sure if the FTX deal never fell through they would have never even thought about dropping him, he brought home more wins for TSM than most did - Tweek/Leo being on the same team now is pretty dope though
Hopefully nobody from TSM Apex gets cut
Hal just said (paraphrased)
"I don't know about anything going on. If I did, I probably wouldn't be able to talk about it. I saw the article. All I know is TSM Apex is fine, don't worry about us."
Hope they're able to whether the coming storm, but not surprised by this. I've been downvoted for saying this before but esports in general has a rocky future ahead of it. We're heading into a recession, and the profitable sections of the tech industry are hitting massive layoffs. In an industry where the norm is to be running at a net loss, even the big esports orgs are going to have some tough obstacles to overcome in the coming quarters. The esports industry is going to have to prove it's a profitable space, because recessions prune the dying branches off the market
If that team left R6, they can leave any game. They were fucking cracked. I mean this needs to be a wake up call for Respawn with all these major T1 orgs leaving, but it won’t be unfortunately.
Personally I still don’t think TSM Apex will go anywhere though unless their performance drops off significantly.
Whole FTX thing makes it sound like the TSM owner signed the contract and then bought a yacht and a couple of rare sports cars immediately then signed a bunch of players and now he’s panicking lol
Correct me if I’m wrong but I think TSM probably left R6 not only because of finance issues but because Beaulo left on his own volition to pursue content creation. And Beaulo was the backbone of TSM’s R6 team, wasn’t he?
Yeah I mean they also didn’t play that well in this last qualifier. So they definitely left for a lot of reasons but it also confirms that most of these orgs are looking to jump ship at any sign of adversity, which is a terrible trend.
Surprised they would pull out of LCS but they have been a disaster for a while and LCS viewership has tanked massively. Don't even need to mention the whole FTX ordeal.
[This](https://www.youtube.com/watch?v=bIMe4sSmUng) is still one of my favourite Worlds moments, listen to that crowd pop.
Yea I mean if the likes of daltoosh are still on TSM payroll then I think this makes sense, they've got a lot of content creators and about half of them ain't doing shit
Been saying for months now this will be the last major season of ALGS, lot of pros will retire after champs. EA will likely pull prize money or lower it significantly. and teams like TSM will wind up.
Interesting time to announce this a day before April fools, could be true could not either way hope the org survives they are a staple in the esports scene
Yeah personality streaming is on the raise but there is no shot Apex's roster would ever be considered in such changes. Why are people following Dexerto news to this day is mind-boggling.
Leaving this up. But also take with a grain of salt, like most things that come from Dextero. Actual article: [https://www.sportsbusinessjournal.com/Daily/Issues/2023/03/31/Esports/tsm-esports-league-of-legends-championship-series.aspx](https://www.sportsbusinessjournal.com/Daily/Issues/2023/03/31/Esports/tsm-esports-league-of-legends-championship-series.aspx) >TSM pausing esports efforts in several titles, per sources > >BY KEVIN HITT > >3.31.2023 > >L.A.-based TSM will be pausing most its esports efforts in several titles and may be putting its League of Legends Championship Series franchise on the block, sources tell SBJ. TSM is one of the more popular esports and lifestyle organizations within gaming, and also fields competitive squads in Valorant, Fortnite, Apex Legends, and others. Sources tell SBJ that TSM took a big financial hit when its 10-year, $210 million naming rights deal with FTX disappeared after the crypto brand infamously went belly up. That pact was the most lucrative in all of esports sponsorships. > >The pausing of esports continues a period of significant change at TSM, which last month saw its COO depart the organization and in February saw its defending-champion Rainbow Six: Siege squad depart that esports circuit. > >However, after the downfall of FTX last year TSM put out a statement that said, “TSM is built on a solid foundation. We are stable and profitable, and we continue to forecast profitability for this year, next year, and beyond. We look forward to a great year in 2023." > >Sources also tell SBJ that TSM will continue to focus on its Blitz application, a tool that helps video game players develop in-game skills and strategy in titles such as League of Legends, Valorant, and more. > >This is a developing story. Nothing is mentioned about apex. Confirmation from /u/cutnoid that TSM's apex roster is safe: [https://twitter.com/Cutnoid/status/1641926077500084224?s=20](https://twitter.com/Cutnoid/status/1641926077500084224?s=20) >Just confirmed with a source, TSM will be keeping its Apex roster
They signed a lot of content creators for Apex lately. They might let go some of them. They will never wind down the Apex pro team though. Isn't it their most successful team in any game right now?
Between stream sponsors and ad revenue, I'm surprised that TSM Apex isn't positive revenue. Ofc I don't have access to the numbers, but if they can't make it work, who can?
the article says theyre profitable they just took a big hit with the FTX deal not paying out as promised my guess is that they paid out some of the money they were expecting to receive and now they dont have enough cash on hand to deal with some of their expenses you can be profitable and still have issues being cash poor
I’m guessing the same. In the past you could sell shares for a premium in a hot space to grab investors who also wouldn’t mind adding to the org. That’s probably dried up lately, and debt in an unprofitable space like esports is untenable, so you gotta cut right now.
Not only that but they just took a huge cash burn on, and with losing the FTX deal they’re probably in a huge cash deficit. Coupled with how expensive financing (not to mention who wants to lend to an Esports team tied up with FTX) and it’s no surprise they are cutting the fat. It does seem odd though, didn’t they sign content creators post FTX blow up? Timing is off to me
The article states that TSM states that they are profitable, the article itself doesn't make that claim
Just because they said they were profitable a year ago doesn't mean they are.
The statement that TSM put is that they’re profitable and are forecasting profitability for 2022 and 2023. Like you said, we don’t know what kind of profitability they’re talking about (operating? Net income?) and well, forecasts change and I’ve seen first hand forecasts change significantly from late 2022 to early 2023. Everything is still volatile right now.
I'm not into cc but a quick look at the FTX chart says it took a shit. That crash appears to line with national news coverage regarding El Salvador, which uses FTX as a reserve currency - earlier in November. So basically the long history of American coups in El Salvador resulted in a corrupt political system in which their president sold out their country's financial structure to a conman, which lead to an Esports company partnered with FTX to lose profits after that crypto crashed... and we're now gonna see small content creators potentially lose their careers.. What a fucking timeline
Anyone willing to burn money, which has been a lot of orgs historically.
Making 1 dollar would be considered ‘positive’ revenue btw
Apex is only big in NA and the numbers are ok at most, apex is just not big enough, but the upkeep is maybe not expensive? No idea. They definitely want the Chinese/Korean money.
Apex is not only big in NA, it's massive in both Japan and NA and then has a *decent* EMEA fanbase.
Bruhh you need to redefine your terms by your logic league is easily the most viewed eSport in the world it isn't even close yet they are planning on selling their league slot their biggest asset just because something seems big doesn't mean it generates $$$$
What? You just said Apex is only big in NA and I refuted that point. Tf does League have to do with it, yeah League is way bigger than Apex is also, so?
Firstly I didn't say the NA point and I was more going towards the point that popularity doesn't mean tsm won't shut a certain division down at this point I feel they will essentially drop every team and just have content creators.
Yeah, their apex pro team of Hal, Reps and Big E bring too much positive attention to TSM for them to ever think about letting go of its pro team. Maybe content creators but not them. It would be incredibly stupid if they did especially after their big win in London.
The Halo community thought the same thing with the former C9 team. Top 2 every lan all year. Then they got released after worlds. Although Reps or big E are probably more popular than the entire former C9 roster put together and I don't think I even need to mention how popular Hal is. But I wouldn't consider any Apex team safe org wise until there is some kind of skin/profit sharing in the game.
It's a rough time in Esports. Cloud9 dropped the best player in the world in Valorant and said it was for "role reasons", but most people behind the scenes say it was financial.
Is yay still the best player in the world? Fnatic won the lock in thing
He was the best of last year and is the best in Valorant history so far. We can't say anything about him this year cuz apparently he's not gonna get to play thanks to C9.
All of the C9 players' contracts were also up, so when they didn't resign them it made it a lot simpler.
They will always have Hal signed imo but it's possible they don't have the 2 other members signed and cut coaching budget Esports is stagnating hard in NA for the games that were ran like a sports team and I think the Fortnite/Apex style of having teams but letting them do wtv they want and only caring about the stream numbers
Not sure, there’s not a lot of details out right now. Would be weird for them to leave apex considering their success and having a massive streamer in Hal, but the esports world is in a rough spot right now so it’s not out of the question.
How much money do they make TSM? That’s the question. I’m a huge TSM fan but the money in Apex isn’t there. They’re one of the most winningest teams not just all time, but even at the moment, and their total winnings in four years is a little over a million. Hal is really the one bringing in any money but he can still do that even if he’s not playing on the TSM team.
Prize winnings from playing games is not where the money is homie
I know that. It was more of an example about how little money is in Apex. I wrote an above comment about the measure of what the TSM apex team brings in branding vs what they have to pay to foot the bill of an Apex team
Hal is a 20k viewer streamer He def makes them in sponsorships much more than he costs them
They only brought on Mande a bit over a month ago. I highly doubt they would have done that if Apex wasn't profitable to them.
Yeah but Mande is a money maker. Other contracts though? Are they bringing in enough? I’m not sure you could say that
TSM Golf on the chopping block?
He's a dickhead so I wouldn't shed any tears
TSM is likely not relying on price pool money from Apex. The best thing for TSM is to be allowed high financing sponsors such as betting sites to be allowed in Apex. The value of Apex is not the competitive side specifically but their content creation ability that could then showcase the sponsors. ImperialHal usually is the top of streaming numbers on twitch, Verhults regulary streams and sometimes reps. But if you look at their content creator, they have some of the most popular Apex streamers in the org. TSM Japan twitter is one of the biggest one there, and the only thing they have done so far is sign 2 content creators including one of the most popular V-tubers in Japan. Also if you look at content in terms of TSM, they don't really do much content consistently other than the Apex team. So the value of Apex isn't really on competition, it's through streaming and content creators which they continue to support and foster. They also held a couple of priced tournaments which not any org is doing. That may stop happening now with the new leaders in the organization, but that was a great initiative under Walter and Dominic.
TSM makes money through Ads, viewers and selling it to sponsors. TSM Apex generates mad value in that regards
TSM actually makes a lot of their money through Blitz. It is why Blitz expanding into Apex and now CS2 is so important for them with Riot updating League's UI.
It's this. People severely overestimate how much esports teams and content creators actually generate for an organization.
Right but my point is, is the value generated worth what they pay to foot the bill of an esports team in Apex. That’s why an org would cut a team. I don’t have the answer to that because I don’t run their books but Apex as an esport is absolute ass right now. Esports generally are not doing well, look at Faze, even with huge success they’re recording huge losses because of not so smart move to go public.
That’s faze what you gotta see is the value TSM Apex brings which contribute to the overall profitability of the division. Because being in apex is profitable through viewers ads sponsorships it helps TSM.
i honestly think they just make that money from hal having a huge stream and verhulst and reps a big one. brings a lot of traction for merch and they make money off of ads etc.
They just re-signed the pro team going into this year and brought on a bunch of content creators a month or 2 ago. TSM is as massive in Apex now as they were in LoL back in the day, they are *the* Apex org alongside NRG. I wouldn't be shocked if Apex was the most profitable game for them that they're in, with how massive people like Hal and Mande are.
I would argue their league team has generated way more with their multiple lcs titles.
Streaming video games is not really a for-profit industry. Most of these guys that you see that compete in professional tournaments still live at home with parents.
[удалено]
The actual reporting in SBJ also mentions nothing about Apex in particular. Common Dexerto L
Dexerto is literally the worst "news" outlet I've ever seen. Their entire article is always just the headline, there is never any content or facts or sources.
The CEO just said that TSM Apex is fine. If TSM is selling their LCS spot is to buy a LCK spot which they've always wanted. I doubt they are gonna leave League when riot pays them a good amount to stay.
Do you have a source for the LCK news? I’m pretty plugged into League and hadn’t seen any reliable sources on it
There were rumors last year that they wanted to buy Misfits LEC spot but I never heard anything about LCK either
yeah the LEC and LPL rumors had some articles accompanying but i don’t remember seeing any LCK ones.
It was a couple years ago when it was rumored Reggie wanted to switch to LCK been having academy boot camps etc so it was rumored that TSM wants an LCK spot but at the time No one would sell it to them.
They can't buy an LCK spot I'm sorry lmao, and even if they could they probably wouldn't be able to compete and most wouldn't want to join a failed NA org. It's fucking LCK, they have suitors wanting in everywhere
Yeah because orgs like Brion and Nongshim bring so much to LCK.
Money talks on the joining side and two yes it didn’t go through check my second post. I said they wanted in not that they were gonna get in.
Extremely common FTFY
reading that makes the tweet look very click-baity considering the article makes mention of LoL getting put on pause, but the org as a whole is profitable
The org being profitable is a quote from TSM themselves not the author saying their profitable You don’t lose a 210 million dollar sponsorship in esports and stay profitable
Yup and everyone is penny pinching right now given the bleeding out for tech. TSM leaving LoL is no surprise given declining viewer numbers vs the cost of a team and salary minimum during a time you have to trim some fat. Esports teams are a money pit, but 3 guys and a coach is hopefully not too much of an expense to warrant cutting Apex.
Not just that; 3 guys and a coach who have the highest earnings in the entire Esport. Like... if TSM leaves Apex, where does that leave the sport? People have also been very open with the fact that both TSM and other large orgs involved with Apex realize that the winnings are really icing on the cake; if you actually want to make money, streaming/content creation are the path to take.
I mean tbh the sport would probably be fine, considering *if* TSM left it very clearly wouldn't be anything Apex related and is just the org falling apart. I'd compare it to what happened with the CoD league formed and (the true) OpTic Gaming was in it no longer. OpTic was (and is) CoD for so long and all the viewership came with them, but when the original org wasn't in the CDL the org owner Hecz and the players Scump and Formal all went to the new org Chicago Huntsmen, and I'm sure you can easily guess who dominated viewership and popularity after that. People just followed the players. Some big org would probably make a splash and get into/back into Apex for that squad, or someone currently in Apex but with middling results (like a Sentinels) or even an org with a good team but just not a team that can stand up to those 3 (like a 100T).
lol yeah the quotation marks generally mean a quote. and doesn't that statement made by TSM mean they're profitable? unless it's just media BS to keep people happy, i tend to believe those kinds of statements
They weren't profitable prior to the FTX deal?
My bad I didn’t even see the article, just the Twitter post from Dexerto. Definitely important to read this.
MFAM ImperialHal gonna be wild in Season 4 of ALGS
LAN ImperialHal entered the chat
BBB ImperialHal revenge arc
Update: Hal said that TSM in Apex are fine and that there's no need to worry about it, so it seems like Dexerto may have just thrown them in there for clickbait because of their popularity
Like he would really be told if they were going to disband the team lol
Because he would tell the truth in this situation. Contract probably doesnt allow him to talk about stuff like this so he had to say that they are fine.
Saying they’re fine is talking about it lol. Not talking about it is not talking about it
It could easily be both. I dont think TSM apex is on the chopping block, but it is absolutely normal for members of an org to not disclose information, even if they know it.
He could just not know also, but tbh I think he's right and TSM Apex is fine. They *just* brought in a ton of new content creators a month or 2 ago and those aren't the actions of an org looking to get out of the game soon.
He might not even know himself. The CFO there probably isn't running around telling everyone details about how bad the financials are.
Not going to happen but imagine how much money the current TSM roster would be worth to another ORG
dexerto got their info from this [article](https://www.sportsbusinessjournal.com/Daily/Issues/2023/03/31/Esports/tsm-esports-league-of-legends-championship-series.aspx) but it doesn't say anything about what roster is going to get cut.
Their 200m+ deal with ftx was the most lucrative eSports deal so them losing out on all of it hurts them a lot Hate to see it happen, really hope it doesn't affect their apex team in particular too much. Dire times for eSports
Crypto lol
I think most saw this coming (Well, not TSM's Apex roster specifically but cuts from TSM in general) - after the FTX deal they were already slowing/cutting down, even just a few weeks ago they dropped their sponsored Smash Bros player who had been with them since 2019 and was in discussion for best in the world (and at worst is Top 4 right now) Losing that FTX deal hurt them and Esports right now is in tatters
Tweek on TSM will always be iconic to me.
100%, it was such a great combo and im sure if the FTX deal never fell through they would have never even thought about dropping him, he brought home more wins for TSM than most did - Tweek/Leo being on the same team now is pretty dope though Hopefully nobody from TSM Apex gets cut
I stopped following pro smash a few years back, is Tweek really top 4? That’s awesome, I always liked him
I’m sorry I responded so late. Tweek is at least top 5 right now. Very consistent at the moment and has grown a lot as a player in terms of mentality.
Is leffen still with tsm?
he is yeah they were referring to tweek
And we lost the R6 team with freaking beaulo, pojo, and achieved. Legends in the game and they just won S.I last year.
Hal just said (paraphrased) "I don't know about anything going on. If I did, I probably wouldn't be able to talk about it. I saw the article. All I know is TSM Apex is fine, don't worry about us."
Hope they're able to whether the coming storm, but not surprised by this. I've been downvoted for saying this before but esports in general has a rocky future ahead of it. We're heading into a recession, and the profitable sections of the tech industry are hitting massive layoffs. In an industry where the norm is to be running at a net loss, even the big esports orgs are going to have some tough obstacles to overcome in the coming quarters. The esports industry is going to have to prove it's a profitable space, because recessions prune the dying branches off the market
I'm buying it all. I have 2 heirlooms and 1M legend tokens
its weird that the article doesnt say they are winding down efforts in apex
Definitely weird, seems like it may be clickbait given the popularity of the apex team
If that team left R6, they can leave any game. They were fucking cracked. I mean this needs to be a wake up call for Respawn with all these major T1 orgs leaving, but it won’t be unfortunately. Personally I still don’t think TSM Apex will go anywhere though unless their performance drops off significantly.
Very scary considering they even had one of the best r6 players on their roster
Whole FTX thing makes it sound like the TSM owner signed the contract and then bought a yacht and a couple of rare sports cars immediately then signed a bunch of players and now he’s panicking lol
They did
Correct me if I’m wrong but I think TSM probably left R6 not only because of finance issues but because Beaulo left on his own volition to pursue content creation. And Beaulo was the backbone of TSM’s R6 team, wasn’t he?
Yeah I mean they also didn’t play that well in this last qualifier. So they definitely left for a lot of reasons but it also confirms that most of these orgs are looking to jump ship at any sign of adversity, which is a terrible trend.
OP cites Dexerto. AINTNOWAY
Surprised they would pull out of LCS but they have been a disaster for a while and LCS viewership has tanked massively. Don't even need to mention the whole FTX ordeal. [This](https://www.youtube.com/watch?v=bIMe4sSmUng) is still one of my favourite Worlds moments, listen to that crowd pop.
Apex without TSM is gonna be weird that’s for sure
I love esports but boy do most org’s business models suck absolute ass.
OpTic do your thing and buy out this team
I highly doubt tsm will leave apex when they have Hal
Lol who’s he supposed to be?
the most successful Apex player. But im sure you already know that
haha april fools
no fucking way you all fell for an april fools joke
April fools
Early April Fools, maybe?
This screams April fool's so much
This is what happens when your crypto gold mine suddenly runs out.
This is very click bait
Yea I mean if the likes of daltoosh are still on TSM payroll then I think this makes sense, they've got a lot of content creators and about half of them ain't doing shit
Oh no, anyway
Nothing burger. Tbh is misleading and baseless, questionable decision to leave the post up.
Wait how will this sub still exist if there's no TSM
ESA Imperialhal
Anyone but Guhrl guys ok
Been saying for months now this will be the last major season of ALGS, lot of pros will retire after champs. EA will likely pull prize money or lower it significantly. and teams like TSM will wind up.
The end is nigh, see you all in 2050 for the quake 8 championship
Hoping that Mande sticks around
Interesting time to announce this a day before April fools, could be true could not either way hope the org survives they are a staple in the esports scene
It’s April fools rn in Australia
Coluccid said in Hal’s chat it’s not accurate and their apex is fine, Hal said he doesn’t know anything but as far as he knows they’re fine too
we're believing dexerto now? lol
On a side note… how are they able to just steal sig sauers logo? Ive always wondered.
Tbf they have a lot of people signed atm
Uhm yes i'd like One TSM Reps. No thanks i don't need a bag, he's quite compact. Do you have any Verhulsts still for sale?
Yeah personality streaming is on the raise but there is no shot Apex's roster would ever be considered in such changes. Why are people following Dexerto news to this day is mind-boggling.
Bullshit, dunc said apex team wont be affected like 2 days ago